TradingView
testmuffin13
May 17, 2021 3:43 PM

GME looking to run with close above 175 Long

GameStop CorporationNYSE

Description

I moved my moon indicator over 1 week and set at 175.

GME is now firmly over the 5 month downtrend started with the mini-squeeze in January.

Looking like finally we are at last call before this thing goes bananas.

Volume is coming back as well, options haven't yet kicked off but any big move in options will set this off.

Comment

Close over 180 lets go!

7.2 million volume is higher then average for the past month.

The big thing is when will we start seeing margin calls and more lines of credits being extended to the short players. It won't take much to get the DTCC to start force closing positions if the Linear Margin call theory is to be believed.
More